According to sources within Voyager that talked to the Wall Street Journal, the exchanges FTX and Binance have emerged as the two biggest bidders for the assets of the insolvent cryptocurrency lender Voyager Digital Ltd. The lender filed for bankruptcy in July 2022, claiming to have $4.9 billion in total liabilities and $5 billion in total assets. Both FTX and Binance are said to have made bids near $50 million, but none of the bids have been accepted so far as per the sources. The sources also added that Binance’s present offer is roughly $50 million, which is marginally more than the rival offer from FTX. Wave Financial, a manager of cryptocurrency investments, and the trading platform CrossTower are two further bidders. The winning bid will be revealed at a hearing in New York on September 29, but it may happen sooner.